This $165,900 rehab and purchase loan was funded in 20 days. No credit report was pulled on the borrower nor was a credit score required. SECC provided a 12 month, interest only bridge loan at 90% LTV, 12.5% and 3.99 points. This loan had no prepayment penalty,interest guarantee or exit fee. SECC also funded a $35,000 rehab component which was 100% of the budget requested.

SECC provided a $2,700,000 SBA 7(a) refinance of $2,377,582 of first mortgages secured by three assisted living facilities located in Santa Barbara, CA. SECC delivered $322,000 of working capital, a 5.50% quarterly adjustable interest rate amortized over 25 years, and funded this loan in 60 days!

SECC funded this $200,000 loan which included over $150,000 of unrestricted cash-out. The vacant 3 family property was purchased at the end of 2014 and the borrower undertook an extensive rehab. Funds were needed to complete property improvements, secure tenants and invest in additional real estate. This was a no tax return, no DSCR or DTI loan, which SECC closed in 28 days.

SECC provided a $2,100,000 SBA 7(a) refinance of a $1,806,355 first mortgage secured by an owner occupied retail store located in Daytona Beach, FL. SECC delivered almost $300,000 of working capital, a 5.50% quarterly adjustable interest rate amortized over 25 years, and funded this loan in a little over 30 days!

SECC’s non-owner occupied (NOO) residential loan program is an asset based loan program offering aggressive terms and fast closings. We offer bridge, rehab and permanent loans up to 90% LTV, no prepayment penalty options and we don’t require DTI, DSCR or financials of any kind. We even have no credit score loan options. Competitive referral fees are paid to approved partners.

This borrower, a current Funding Circle client, was turned down by them for additional credit he urgently needed to take advantage of a business investment opportunity. Although the borrower received multiple daily and weekly ACH financing offers, finding a competitive term offer to take a second position behind Funding Circle was next to impossible for him.

SECC was able to fund the borrower the cash he needed in less than 2 days, provide a monthly payment fixed for 10 years, offer no prepayment penalty or interest guarantee and provide a 24% rate with 5 points.

When this borrower was brought to SECC he was stuck in a high daily payment advance factor rate. The business’s cash-flow had improved significantly since its launch in 2013 but the borrower had still not been able to obtain financing from other term lenders like Funding Circle. The business’s relatively short time in business and lack of historical cash-flow had been road blocks to procuring financing elsewhere.

SECC is pleased to announce the closing of a $1,600,000 purchase and rehab loan located in Massachusetts. The short-term interest only loan was fixed at 13% for 3 years, carried no prepayment penalty and provided for approximately $600,000 in rehabilitation funds.

In 2012, there were about 28.1 million real estate investors in the United States. As of the end of first-quarter 2013, the Federal Registration of Mortgage Loan Originators listed 394,000 registered loan originators. These days, because many loan “brokers” don’t feel they can spend the time or money to register or join associations, the figure for registered originators undoubtedly understates by a sizable amount the number of intermediaries placing loans in this country.

South End Capital (SECC) Managing Director Noah Grayson has reported 2015 commercial financing applications from small business owners and property investors grew dramatically over 2014 with late 2015 applications alone increasing 263% over the same quarter (Q4) in 2014. The seven-year-old boutique lender and finance firm received almost 2,200 loan applications in 2015 comprised of 1,436 small business loan requests totaling almost $690 million, and 760 applications of just over $660 million for non-conforming residential and small-balance commercial real estate investors.

We are pleased to announce the closing of this $17,100 working capital loan for a wine company located in California. This borrower had been turned down for financing from every bank, term and MCA lender she’d approached when her broker brought her to SECC. Credit in the 500s and time in business of only 10 months were reasons enough for other lenders to pass on the application. SECC came through with a 10 year fixed term, monthly payment and no prepayment penalty and funded the borrower in 1 day.

Monthly payments, no prepayment penalties and rates starting at 9.99% are still available, but now we offer: No restricted industries, No caps on NSFs, no minimum deposit requirements, no time-frame for bankruptcies or foreclosures, no judgment restrictions, credit down to 500, minimum time in business down to 2 months and much, much, more…

SECC is pleased to announce the closing of this non-owner occupied single family residence purchase loan in Georgia. SECC provided a 5 year fixed loan amortized over 30 years, priced at 7.5% with a 54321% declining prepayment penalty. The property was vacant at the time of closing and SECC required no tax returns, no financials, no 1003 or PFS.

SECC is pleased to announce the release of our non-owner occupied 1 to 4 unit residential loan program. This program serves to capitalize on the growing financing need of residential property investors and flippers in the current marketplace. SECC’s program provides terms and flexibility currently unavailable through mainstream capital channels.